The Federal Government is currently shut down. This website was last updated on October 1, 2013 and will not be updated until it reopens; as such, information on it may not be up to date. Transactions submitted via this website might not be processed and we will not be able to respond to inquiries until after appropriations are enacted.

More information here.

Okay, continue to Commerce.gov

How EDA is Supporting Critical Infrastructure in a Missouri City

Printer-friendly version
Perryville Industrial Park sign

One of the ways to ensure that America creates an economy that supports good middle-class jobs is by building critical infrastructure that businesses need to thrive and grow. Commerce's Economic Development Administration (EDA) has been at the forefront of such efforts, most recently in Perryville, Missouri, where it is joining with the state of Missouri and local authorities to help pay for improved road access to the Perryville Industrial Park.

Industrial parks are the economic lifeblood of many communities, particularly smaller ones. The Perryville Industrial Park is an excellent example of this, being home to an impressive roster of companies that provide good jobs for residents of Perryville and its surrounding Perry County. These include TG Missouri, a manufacturer of automotive components and a supplier to such companies as Toyota, and Robinson Construction, a specialized builder of industrial and manufacturing facilities.The $1.5 million EDA investment in Perryville supports a $4.7 million project that will make possible the expansion of the Perryville Industrial Park by building a new road to connect two major nearby highways, providing an alternate means of accessing expanded shipping and receiving facilities.

Already, several companies located in the industrial park are ready to expand, having committed to making $27 million in capital investments once the new facilities are ready. They also anticipate adding 215 new jobs over the next several years.

A $1.5 million grant in support of the expansion of an industrial park in Missouri may seem small in the context of the overall $15 trillion U.S. economy. But in a place like Perryville—population 8,200—and in hundreds of places like it, EDA investments like this have a large impact. And it is in these projects that we can see the local growth that fuels regional, and ultimately national, prosperity.

Post new comment

(If you're a human, don't change the following field)
Your first name.
Comment Policy

To ensure that everyone can participate in polite conversation, these comments may be moderated. For detailed information on how and what we moderate, view our comment policy.

CAPTCHA
This question tests whether you are a human visitor and prevents automated spam submissions.
18 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.